REGISTERED NUMBER: SO300363 (Scotland)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Easter Ross Coach Company LLP

Page

General Information

1

Report of the Members

2

Abridged Income Statement

3

Abridged Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

R G Rapson

Mrs E M Rapson

S J Rapson

Ms L R Miller

Mrs H D Grillo

REGISTERED OFFICE:

3, The Old Granary

East Saltoun Farm

PENCAITLAND

East Lothian

EH34 5BF

REGISTERED NUMBER:

SO300363 (Scotland)

ACCOUNTANTS:

Mackay & Co

Chartered Accountants

Unit 8

Golspie Business Park

Golspie

Sutherland

KW10 6UB

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of coach hire.

DESIGNATED MEMBERS

The designated members during the year under review were:

R G Rapson

Mrs E M Rapson

S J Rapson

Ms L R Miller

Mrs H D Grillo

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £454,345 (2024 - £301,989 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

R G Rapson - Designated member

29 August 2025

GROSS PROFIT

624,700

419,883

Administrative expenses

129,897

98,775

OPERATING PROFIT

4

494,803

321,108

Interest payable and similar expenses

40,458

19,119

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

454,345

301,989

FIXED ASSETS

Tangible assets

5

666,199

536,152

CURRENT ASSETS

Stocks

2,600

2,600

Debtors

78,658

125,139

Cash at bank and in hand

110,363

61,411

191,621

189,150

CREDITORS

Amounts falling due within one year

202,831

200,385

NET CURRENT LIABILITIES

(11,210

)

(11,235

)

TOTAL ASSETS LESS CURRENT LIABILITIES

654,989

524,917

CREDITORS

Amounts falling due after more than one year

242,425

259,542

NET ASSETS ATTRIBUTABLE TO MEMBERS

412,564

265,375

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

412,564

265,375

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

412,564

265,375

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The financial statements were approved by the members of the LLP and authorised for issue on 29 August 2025 and were signed by:

R G Rapson - Designated member

1.	STATUTORY INFORMATION

Easter Ross Coach Company LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Straight line over 50 years

Improvements to property

-

20% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 22 (2024 - 20 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.8.23

Year Ended

to

31.3.25

31.3.24

£

£

Depreciation - owned assets

46,142

44,961

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

907,287

Additions

193,791

Disposals

(19,999

)

At 31 March 2025

1,081,079

DEPRECIATION

At 1 April 2024

371,135

Charge for year

46,142

Eliminated on disposal

(2,397

)

At 31 March 2025

414,880

NET BOOK VALUE

At 31 March 2025

666,199

At 31 March 2024

536,152

The net book value above includes assets held under finance leases or hire purchase contracts with a net book value amounting to £603,596 (2024- £464,307).

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

-

2,741

The bank loan and overdraft are secured by a bond and floating charge over the assets of the LLP.

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' rank after all other creditors.